JAKARTA, Aug. 1 (Xinhua) — Indonesia has announced it will host an infrastructure investment forum in November to pave way for Southeast Asia's regional connectivity plans by 2025.
"We want to foster key strategic relationships and provide clear business partnership opportunities for governments, state-owned enterprises, and leading private sector developers of technologies and services, together with hosted global investors," said Rosan P. Roeslani, chairman of the Indonesia Chamber of Commerce and Industry in Jakarta.
The high-level meeting, called the ASEAN G2B Infrastructure Investment Forum, seeks to address critical challenges to the region across four key stages of infrastructure project development - planning, financing, building and operating.
Thomas Lembong, chairman of the Indonesia Investment Coordinating Board (BKPM), highlighted regional connectivity in the world's seventh-largest economy as a main issue to tackle.
"We need more coordination among ASEAN countries, and to synchronize our protocols and procedures so that regional connectivity is more smoothly," Lembong said.
He added that the forum, which is set to take place in Jakarta from November 8 to 11, will provide a platform for business and government leaders from around ASEAN to discuss domestic and regional investment opportunities presented by the Master Plan for ASEAN Connectivity 2025.
The master plan itself, which is scheduled to be ratified by ASEAN heads of state next month, focuses on three key dimensions: physical connectivity which is improving infrastructure; institutional connectivity or providing trade, investment and regulatory frameworks; and people-to-people connectivity which is expanding educational opportunities and promoting human resources development.